Nest Seekers

Excellent investment opportunity in the heart of Jamaica !

170-14 89th Avenue
New York, NY 11432

Listing

Web ID:5817019
Website:https://www.nestseekers.com/5817019

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$5,500,000
Annual Taxes:$2,911

Description

Excellent investment opportunity in the heart of Jamaica! This 4-year-old, 10-unit building benefits from approximately 31 years remaining on a 35-year tax abatement. The unit mix includes three 1-bedroom duplex apartments with an additional room and one bathroom each, plus seven 1-bedroom, 1-bathroom apartments. Located just two blocks from Hillside Avenue and approximately a 3-minute walk to the subway. The building’s newer construction helps keep maintenance costs low. The landlord pays only for water, while tenants are responsible for electricity, hot water, heating, and cooling. A compelling investment opportunity with convenient transit access, long-term tax benefits, and low owner-paid operating expenses.

Amenities

  • Electricity Available

Contact

Long Island City, NY
47-44 Vernon Blvd, Long Island City, NY 11101
Phone: +1 718-707-0200
Fax: +1 718-707-0233
lic@nestseekers.com
Listing Courtesy of E Realty International Corp
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